The naira is seen depreciating on the parallel market in the coming week after plans by the central bank to enforce improved disclosure by owners of bureaux de change and check money laundering met some resistance.The local currency weakened to 232 to the dollar at the parallel market on Thursday, compared with 225 a dollar last week and trading at 197.48 a dollar on the interbank market against 198.97 a dollar previous week.Nigeria's central bank had directed bureau de change operators to demand details of a biometric Bank Verification Number (BVN) before selling dollars to them."Most customers are not comfortable giving out their BVN before purchasing dollars from us and therefore preferred to patronise black market for dollars, pushing down the value of the naira," Aminu Gwadabe president of the bureau de change operators said.The BVN is meant to verify the identity of bank's customer and reduce fraud.
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